Telecom Equipment Market 2023 | Size Will Reach USD 1004.22 billion By 2030 With A CAGR of 4.90% | ZTE Corporation, Nokia
Research Reports
Mar 15, 2023
Telecom Equipment Market Insights
According to MRFR analysis, the global Telecom Equipment Market is expected to register a CAGR of 4.90% from 2022 to 2030 and hold a value of over USD 1004.22 billion by 2030.
Telecom equipment refers to the technology and devices used for telecommunications, such as cell towers, routers, switches, and other networking equipment. The COVID-19 pandemic has had a significant impact on the telecom equipment industry. With many people working from home and students attending school remotely, there has been an increase in demand for telecom equipment to support remote connectivity and increased internet usage. This has led to an increase in sales for companies that manufacture and sell telecom equipment.
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Key Players
Some of the key market players are-
- Huawei Technologies Co. Ltd
- Ciena
- Nokia
- ZTE Corporation
- Cisco Systems, Inc.
- Fujitsu Ltd
- Telefonaktiebolaget LM Ericsson.
- Qualcomm Technologies, Inc.
- Samsung Group
- Juniper Networks, Inc.
- CommScope Holding Co., Inc.
- Extreme Networks, Inc.
Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 1004.22 billion |
|
Growth rate: |
CAGR of 4.90% from 2022 to 2030 |
|
Forecast Period |
2022-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
The telecom equipment market in North America is thriving due to the presence of major players and the increasing demand for 5 G-compatible network equipment. The Asia-Pacific region is predicted to be a key contributor to the growth of the telecom equipment market due to the increasing investments in network infrastructure and the presence of various telecom equipment & services providers.
Telecom Equipment Market Segmentation
The Global Telecom Equipment market has been segmented into product, infrastructure, and end user.
Based on the product, the market has been segmented into Broadband Access, Core Network (Evolved Packet Core, IP Multimedia Subsystem, Signal Transfer Point and Multiaccess Edge Computing)], Software, Services [Professional Services (Consulting Services, Installation and Implementation Services, Maintenance Services and other Support Services), Managed Services.
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Based on the infrastructure, the market has been segmented into Wireless Infrastructure and Wired Infrastructure.
Based on the end user, the market has been segmented into Consumer Electronics, BFSI, Retail, Media, Defense and others.
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